Echo Resources' (ASX:EAR) drilling at its Julius Gold Discovery in Western Australia has returned shallow, broad, high grade gold intercepts.
These included 4 metres at 30.9 g/t gold from 40 metres, within 20 metres at 7.1 g/t gold from 24 metres; and 4 metres at 13.1 g/t gold from 52 metres, within 12 metres at 4.6 g/t gold from 44 metres.
This follows the April discoveries of 4 metres at 59.7g/t gold from 276 metres, within 7 metres at 35g/t gold; and the bonanza 1 metre at 102g/t gold, 1 metre at 80.5g/t gold.
Julius is located in the Yandal Gold Province, 750 kilometres northeast of Perth.
The Yandal Province hosts several multi-million ounce gold deposits, including Northern Star Resources' (ASX:NST) Jundee deposit.
The gold lodes at Julius are hosted by weathered and fresh, mafic and ultramafic rocks in structural contact with a
mineralized granodiorite body along the Julius Shear Zone.
In addition to locating near-surface gold lodes, the drilling program tested for extensions to deeper gold lodes intersected by previous step-out holes which returned intercepts of 7 metres at 35 g/t gold and 5 metres at 21.6 g/t gold.
Assays for the remaining 11 drill holes are pending and planning for follow-up drilling at Julius is at an advanced stage.
Given Echo's continued impressive gold grades, its market cap of $12 million offers potential upside.
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